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mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim victory and then work on spending cuts in the next two months? >> well, that was discussed. and you're right. it makes some things permanent. particularly in the estate tax area. it's permanent fix to the a.m.t.. so there are some actual things we do like about it. but as a whole we don't like other parts of it that we think are going to be devastating to the economy and jobs. >> reporter: congressman steny hoyer and other democratic leaders urged republicans to hold a vote on the bill as is. tonight. >> the definition of compromise has elements in it that each party does not like. >> reporter: and senate democrats are threatening not to take up the bill again if
mcconnell and vice president joe biden. it contains no major cuts partly because the speaker himself pulled out of talks with the president last month over a grand bargain that would have cut nearly a trillion dollars in spenting. we asked louisiana republican john fleming about that. this bill makes a lot of tax cuts that republicans like permanent. why not claim victory and then work on spending cuts in the next two months? >> well, that was discussed. and you're right. it makes some...
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vice president joe biden and republican leader mitch mcconnell hashing out the deal late last night. >> really very good about how this vote is going to go. >> reporter: he had reason to smile last night, but today, that late night deal hit a wall of republican opposition in the house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house, announced even he was opposed. >> i do not support the bill. >> reporter: house republicans objected because the bill including virtually no spending cuts. in fact, the deal would actually add nearly $4 trillion to the deficit over the next ten years. mostly thanks to the cost of extending those tax cuts for everybody making under $400,000. >> there's no spending cuts. we're adding $4 billion a day to the debt. and we feel like the senate bill failed miserably. >> reporter: if they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases trigg
vice president joe biden and republican leader mitch mcconnell hashing out the deal late last night. >> really very good about how this vote is going to go. >> reporter: he had reason to smile last night, but today, that late night deal hit a wall of republican opposition in the house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house, announced even he was opposed. >> i do not support the bill. >>...
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the architect of the senate deal minority leader mitch mcconnell notes it lacks in tax cut for large portion of the public. rattling it now would likely hand the blame to the republicans. >> i can speak to the entire conference when i say we don't think taxes should be going up on anyone. but we all knew if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> aide to the president incyst he was ready to agree to $1.2 trillion in spending cuts. in exchange for equal amount of tax increases during talks with speaker john boehner. yet, the republican walked away and got most of the tax hikes with virtually no spending cuts in what may be the first shot of the 2016 republican presidential primary, marco rubio became one of eight senators to oppose the deal. and tweeted, "how can barack obama call the proposal a debt reduction pack knowledge it uses tax increase to fund more spending and it increases the debt?" boehner is getting more cut over the fight over the debt creeling that expires in two months. white house aides think it could backfire,
the architect of the senate deal minority leader mitch mcconnell notes it lacks in tax cut for large portion of the public. rattling it now would likely hand the blame to the republicans. >> i can speak to the entire conference when i say we don't think taxes should be going up on anyone. but we all knew if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> aide to the president incyst he was ready to agree to $1.2 trillion in spending...
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senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and proposals expire and they have to start voting all over again. >> that is all we need, back to the drawing board, right? >> rich. we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates w
senate minority leader mitch mcconnell and vice president biden negotiated details. senators feel if they change it, they are going back on the deal. republicans in the house said they never signed off on the deal, it was between the senate minority leader mitch mcconnell and the vice president and should be able to work its will and change the proposal. diane, as you pointed out they have to get something done through both houses of congress by january 3rd at noon. if not, all these bills and...
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it's deeply bipartisan worked out by mitch mcconnell and the white house. of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this country, to provide certainty for the markets and actually for all of us both consumers and investors and get it done. don't go over this cliff. take care of particularly the tax provisions in this legislation. we will have other opportunities to discuss and will be implementing either sequester an alternative. that's a trillion dollars in spending cuts we've committed to. the notion we haven't dealt with spending. we know we need some tax revenues. this is a compromise. >> we've got a minute left here, congress woman -- >> something we have to vote on. i'm saying. >> you want it to come to
it's deeply bipartisan worked out by mitch mcconnell and the white house. of course vice president biden was in there. >> do you support the bill? >> this is not new information. yes, i would support the bill. >> how many democrats would not support the bill? >> i don't have that count. i think it really -- i would hope and expect that this is a bipartisan bill. that's what the american people have been asking us to do is to find a way to protect the middle class in this...
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democrats have made clear that they will help pass the senate compromise with mitch mcconnell and joe biden. you're looking for a critical mass of republicans who can push it through. you're looking to see whether republicans will drop this demand that they will only support an amended bill. senate democrats says that means the death of this deal. you're watching to see if they back down and how much support john boehner is willing to use to put the deal on the floor. >> woodruff: ed todd zwillich, we'll see whether you get much sleep tonight. thank you. >> no problem, judy. >> suarez: now, our second look at this continually unfolding story, with little time left before the 112th congress ends thursday at noon. for that, we are joined by congressmen from both sides. representative tom cole is a republican from oklahoma. representative chris van hollen of maryland is the ranking member on the budget committee and part of the democratic leadership team. representative cole, let me start with you, since you've just come from a powe wow with your side of the aisle. what's the latest? is
democrats have made clear that they will help pass the senate compromise with mitch mcconnell and joe biden. you're looking for a critical mass of republicans who can push it through. you're looking to see whether republicans will drop this demand that they will only support an amended bill. senate democrats says that means the death of this deal. you're watching to see if they back down and how much support john boehner is willing to use to put the deal on the floor. >> woodruff: ed todd...
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i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors, throughout the spectrum of the economy. businesses large and small if we let this thing go over the cliff and don't repair it very quickly. i think everybody on our side of the aisle is baffled that this deal which again passed 89-8 in the senate last night could not -- they couldn't even bring 40 or 50 republican votes to the floor of the house tonight because we would have passed it with those votes. >> there were some republicans that luke russert had heard from, one member. he said they were absolutely incredulous that some of the things that were being said
i know mitch mcconnell very well, known him for a long time. i didn't think there was any way he would put his neck out for this deal unless he was absolutely confident that the republicans in the house would have ratified it. i think the fact that they're not indicates to me that this house republican conference is so ideologically driven that they would basically scorch the earth in defense of their own ideology, and the american people are the ones that are going to suffer, seniors,...
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are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl any kind of reasonable spending reduction, something that the house has dealt with in committee. we've bubbled it up. we have a lot of figures. quite frankly, the lack of sequestration, the idea that in two months, in addition to this, we'll be dealing with the cliff in defense and sequestration and the cliff in the sense that we don't raise the debt limit, i think they could easily be dealt with today. i'm with eric cantor. this bill in its present form is not good enough and the american people are smart enough to know that what you don't pay today and owe tomorrow, you'll have to pay tomorrow. >> we
are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl...
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on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train wreck at this point. nancy pelosi says the bill representing gigantic progress, that's fine, but this is really on republicans right now. and people are looking at it, i'm already hearing people looking at what house republicans are doing and saying, look, you abdicated your responsibility to write a bill. you punted over to the senate, and now you're going to throw a monkey wrench into this whole thing and make us come back perhaps in a new congress with a clean legislative slate. so it is a very dangerous not only economic situation here that we'
on sunday morning mitch mcconnell calls joe biden. they get together, offers are traded back and forth, and presto, voila, they come up with a deal and they put it on the floor and it sets those thresholds at $400,000 and $450,000 and it's passed at 2:00 last night and so it comes to the house republicans who have met all morning. joe biden incidentally was back on the hill this morning meeting behind closed doors with democrats who are pretty much bystanders to a republican political train...
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this is -- this as house democrats got a visit from mitch mcconnell and hammered out this deal. brett joins us now. how significant that cantor came out against this? >> good afternoon. it is very significant he said publicly that he opposes the senate bill. the real question is whether as house majority leader that he will be with other voters voting against a piece of legislation that hits the floor, or whether it moves to the floor at all. you heard the democratic leader, nancy pelosi, come out calling for an up or down vote as soon as possible. we don't know the plan for republicans. we are just getting word from the speaker's spokesperson saying there will be conversations throughout the afternoon suggesting this could take some time after the house gop caucus meeting we are told by reporters and producers up there that members were coming out saying it seemed likely that there would be a process to amend the senate bill, and then send it back with additional spending cuts. there was universal concern over gop members about the lack of spending cuts in the senate bill. the
this is -- this as house democrats got a visit from mitch mcconnell and hammered out this deal. brett joins us now. how significant that cantor came out against this? >> good afternoon. it is very significant he said publicly that he opposes the senate bill. the real question is whether as house majority leader that he will be with other voters voting against a piece of legislation that hits the floor, or whether it moves to the floor at all. you heard the democratic leader, nancy pelosi,...
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he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good decisions as a society. we saw the angry faces of reaction to demographic change in the beginning. the people bringing guns to political events. the faces of hatred in the birther mularkey. the dog whistling whether it was about the president or his surrogate, susan rice. guess what? none of it worked. it just didn't. who would have known how powerfully americans, america itself could not just reject but repel this nasty appeal. it didn't work. then we had the horror in newtown, connecticut. even animals cannot kill 20 victims in ten minutes, for that it takes state of the art fi firepower. david, i want to start with your year, when
he is there to explain the deal he and senate minority leader mitch mcconnell brokered and that the senate approved. >>> the white house is keeping a close eye on today's developments in the house. stay with msnbc for more updates. and now back to hardball. >>> two steps forward, one step backward. let's play "hard ball." >> let me start this last night of the year with this, two steps forward, one step forward, that's the year if you look at it. so many good...
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host: how is mitch mcconnell looking to the right? guest: this deal is a bad deal for conservatives. i don't know how he can, he's very smart and he's very -- you know, he's willing to make-up popular stands in order to get what republicans want. but this deal is a terrible deal. i think a lot of conservatives will say if nothing happens we'll be in a better position. he he made a number of fumbles along the way that got us to this place. i think at the moment he is getting a little bit more ire from conservatives. host: what did you make of the president's news conference? guest: he comes out and says we need to work together and stop trying to score political points. then he goes on to trash the motives of republicans. "we believe in something. you have your mandate. we have our mandate." i find that to be small and petty. this is it high point for him. this deal he got is a fantastic deal. he is going to have to go back to people and raise more taxes. he said this is not going to work. i think he was lying down the marker. this may
host: how is mitch mcconnell looking to the right? guest: this deal is a bad deal for conservatives. i don't know how he can, he's very smart and he's very -- you know, he's willing to make-up popular stands in order to get what republicans want. but this deal is a terrible deal. i think a lot of conservatives will say if nothing happens we'll be in a better position. he he made a number of fumbles along the way that got us to this place. i think at the moment he is getting a little bit more...
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mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need to catch up and form and modernize the party. >> reporter: how much does the political posturing, how is that to watch this churn day after day for the past several days? >> it's rough. i was watching yesterday when the president spoke, hoping maybe they had come to some point. hearing him say we're close but not there yet, it's like these are things that directly affect americans and if this is your job, this in is why we elect you, it
mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like...
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for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry reid, again certainly in a position to obstruct something. he didn't. so could he have been more aggressive? perhaps so. i think this is kind of the outcome a lot of members of the senate, house, democrat and republican foresaw. i don't give any bad notes to harry reid on this. heather: okay. basically because he went quiet and stepping into his place and appeared to be vice president joe biden. >> biden is clear winner even eclipsing the president who yesterday almost had what democratic strategists call a leon lett moment. the dallas cowboy who spiked football bef
for sure i think mitch mcconnell may be the unsung hero here, right? so until the last week or so he was very much taking a back seat to speaker boehner. now, there is some sense, no disreto anybody else in congress he is kind of the adult in the room on the republican side that decided a deal had to get done. knew how to do it calling in vice president biden. obviously they were able to kind of talk turkey in a way that got things done. i think really elevates his prestige even more. harry...
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senator mitch mcconnell said, quote, this shouldn't be the model for how we do things, end quote. and the senate boasts it is america's deliberative body. today that claim rings hollow. mr. speaker, the house must postpone this vote until the american people have time to evaluate this extraordinary complex legislation around its impact on taxes, revenue, the economy, our debt and a myriad of other issues. it is better to get it right than to act in haste. mr. speaker, if we vote on the senate fiscal cliff bill today, i will vote against it because this is not the way to do the people's business. i will not condone with my vote a process that denies the american people an opportunity to participate in their republic on issues of this magnitude. mr. speaker, i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from oregon seek recognition? without objection, the gentleman from oregon is recognized for one minute. mr. blumenauer: the agreement we are expected to vote on perhaps as early as this afternoon has many commendable and import
senator mitch mcconnell said, quote, this shouldn't be the model for how we do things, end quote. and the senate boasts it is america's deliberative body. today that claim rings hollow. mr. speaker, the house must postpone this vote until the american people have time to evaluate this extraordinary complex legislation around its impact on taxes, revenue, the economy, our debt and a myriad of other issues. it is better to get it right than to act in haste. mr. speaker, if we vote on the senate...
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mcconnell, but nobody's like genuinely happy with it because we know we're just kind of kicking the can down the road for another two months. we're still going to have to deal with all the spending cuts that are the driver of the deficit and we'll have this fight again in february or march when we have to go to the debt limit, deal with sequestration and really look at what the president offers in terms of reforming entitlements. that's where we'll really have deficit savings. remember, we're in nickel right now because we're trying to deal with the deficit and long-term debt problems, not just fix a little area in the tax code. >> richard, would you agree that we're really just looking at the tip of the iceberg here? i mean, if we thought this was a difficult negotiation, you ain't seen nothing yet? >> yes, well, can we concede on the air that this whole fiscal cliff business was overhyped, that we knew that the world was going to look basically the same today and tomorrow and the next day, even if it didn't get done, as it did yesterday, but -- >> but do you think -- >> the debt c
mcconnell, but nobody's like genuinely happy with it because we know we're just kind of kicking the can down the road for another two months. we're still going to have to deal with all the spending cuts that are the driver of the deficit and we'll have this fight again in february or march when we have to go to the debt limit, deal with sequestration and really look at what the president offers in terms of reforming entitlements. that's where we'll really have deficit savings. remember, we're...
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when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have to figure out what to do, because it's only a delay. and so, you're going to have this happen again. so you might look to see what cue the white house sends by how involved vice president biden is going forward. >> well, steve, let's talk about that. the one big issue that was not dealt with are the spending cuts, simply put on hold for two months that, by the way, seems to be the timeline for the debt ceiling debate to heat up again. for all the things this bill deals with, how big a failure was it not to address the sequester? >> well, it clearly was
when that fell apart, though, mitch mcconnell did step in. these are old-time senate folks who have been together, as you said, for a long time. i think they pride themselves as deal-makers in the end. i think they stepped in, biden was happy to do so. he likes to be involved. going forward, though, it is interesting because we're going to have another fight within a couple months on both the debt ceiling and the sequestration, the sequester cuts are going to come forward. they're going to have...
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a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended for a year, and the alternative minimum tax would permanently be adjusted for inflation. but when it comes to spending cuts, lawmakers defer for two more months. that'
a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle...
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what happens to mitch mcconnell? guest: those of us that follow congress know what a great deal maker mitch mcconnell is. he knows how to use power like few others do in the congress. during the debt crisis, it was his deal eventually was adopted with some changes. he has a few less members, but he knows how to use the parliamentary system and he is a force to be reckoned with. you need to do business with mitch mcconnell, particularly since indeed 60 days to overcome procedural hurdles. host: same question, but this one for speaker john boehner in the 113th congress. guest: that is an interesting question to watch closely. house speakers do best when the rule with an iron fist. nancy pelosi muscled through health care, the economic stimulus and evil -- even the global warning plan. speaker boehner says let the rank-and-file worker there will. if there are signs that he is going back to the nancy pelosi- style of leadership, when he had four members cost of various committees, that was a sign, you had better play bal
what happens to mitch mcconnell? guest: those of us that follow congress know what a great deal maker mitch mcconnell is. he knows how to use power like few others do in the congress. during the debt crisis, it was his deal eventually was adopted with some changes. he has a few less members, but he knows how to use the parliamentary system and he is a force to be reckoned with. you need to do business with mitch mcconnell, particularly since indeed 60 days to overcome procedural hurdles. host:...
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. >> mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone, but we all knew if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> the house reconvenes today at noon and is expected to take up the measure at this time. i'm ed payne reporting. >>> doctors are streeting secretary of state hillary clinton for a blood clot that formed in her head. they're confident she'll make a full recovery. the blood clot did not cause a stroke or brain damage. it's located between the base of the skull behind the right here. they're treating her with blood thinners. she'll be released once the medication dose has been established. we'll be right back on the kron morning news. a very busy early morning. so many people are still out there trying to get home and get back to their destinations. we'll lot you know the traffic situations. first, the san mateo bridge. if you're working, look at that. no problem as you head across the san mateo bridge. watching wall str
. >> mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone, but we all knew if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> the house reconvenes today at noon and is expected to take up the measure at this time. i'm ed payne reporting. >>> doctors are streeting secretary of state hillary clinton for a blood clot that...
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mitch mcconnell trusted joe biden. they trust. in washington, your word is something that's very important. they got a deal last night. for the country, i think that was a good thing. >> we do know the republicans say it's not a raise on taxes for those who make $250,000. at least it's up to $400,000. they can say the bush tax cuts which everyone knew were going to be sunsetted in ten years, 12 years later 90% of them are in place permanently. are republicans spinning it and saying those are good things? >> i think they are legitimately good things. the fact of the matter is raising taxes on people that hire folks my age and buying products that create jobs is going to do something for our economy. republicans say why didn't we have a plan earlier that defended those people, defended jobs for young americans, keeping the economy going. this does nothing for the debt, does nothing for spending. we're going to have another cliff in march but we have a greater cliff for our generation. there is a great piece in "the washington times"
mitch mcconnell trusted joe biden. they trust. in washington, your word is something that's very important. they got a deal last night. for the country, i think that was a good thing. >> we do know the republicans say it's not a raise on taxes for those who make $250,000. at least it's up to $400,000. they can say the bush tax cuts which everyone knew were going to be sunsetted in ten years, 12 years later 90% of them are in place permanently. are republicans spinning it and saying those...
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. >> reporter: mitch mcconnell said republicans agreed rather than let middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes at noon and is expected to take up the measure at that time. i am ed payne reporting. >>> many couples have been waiting a lifetime for this day. today, same sex couples can legally marry here in maryland. the measure was approved by voters back in november and sherrie johnson is live at city hall where some couples have already tied the knot. it's just five after six. >> reporter: that's right. a big day here in maryland. about 7 same sex couples tied the knot here at city hall in downtown baltimore. a historic day and baltimore mayor stephanie rawlings blake was actually the host of some of the first marriages for same sex couples in the state of maryland. she performed the very first ceremony. the couples brought friends and family to take part in the historic event. new year's day will have
. >> reporter: mitch mcconnell said republicans agreed rather than let middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes at noon and is expected to take up the measure at that time. i am ed payne reporting. >>> many couples have been waiting a lifetime for this day. today, same sex couples can...
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a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax permanently adjusted for inflation. and when it comes to spending cuts, lawmakers decided to kick that can down the road for two mont more months. we can expect more finger pointing and fighting to start the new year. brianna keel ar, with us al
a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is...
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mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect solution to prevent our onstituents from very real financial pain. but in my view, it was worth the effort..."(anchor tag) the republican-controlled &phouse is expected to begin consiiering tte bill latee today. a final vote s expected in the next day rr two, passage is not at all certain. in new york, patti ann browne, fox ews. pt's not just the iscal cliff... awmaaers also have ceiling.the u-s reacced it's 16-point-4 trillion dollars yesterday.the treasury departmmnt is taking measuues to buu ime until the end of februaryythey include... suspending someeinvestments in benefit funds for federal treasury will not be ble to pay all of the country's bills in full... and on time. &praising the debt ceiling... s fight on capital hhll. &in westmiister... a 78-year car crashed into carroll hiss hospital center. it happened about 8::5 monday morning. deputies sayythomas carl skipper junior. suffered a medical emergency and craahed his vehicle into the sleep center at the hospital. skipper was prrnounced dead at the hospital em
mitch mcconnell (r-ky) / minority leaddr"...so it took an imperfect solution to prevent our onstituents from very real financial pain. but in my view, it was worth the effort..."(anchor tag) the republican-controlled &phouse is expected to begin consiiering tte bill latee today. a final vote s expected in the next day rr two, passage is not at all certain. in new york, patti ann browne, fox ews. pt's not just the iscal cliff... awmaaers also have ceiling.the u-s reacced it's...
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mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at city hall this morning. >> kim dacey is live this
mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans....
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. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact of the fiscal cliff immediately. if the deal passes, the average american family would avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. back to you. >> and the fiscal cliff isn't the only financial crisis the nation could be facing. the u.s. has hit the debt ceiling. the government hit more than $16 trillion borrowing limit last night. that means the treasury department can only shift assets around for another six to eight weeks or the government can no
. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. the agreement would permanently extend bush tax cuts to those making under $400,000 and households making $450,000. raise the estate tax at those valued at more than $5 million and extend unemployment benefits for 2 million people. and automatic spending cuts that go into effect will be postponed for two months and paid for by other spending cuts. the house could take up the deal tomorrow....
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joe biden served in the senate for decades alongside mitch mcconnell. and it was really, i think, that relationship, and sort of his knowing the rhythm of congress. and also, frankly, the deadline that helped kind of push this along. >> brianna keilar in washington, thanks for being with us. we'll talk to you again real soon >> staying in the capital now with jonathan allen. senior congressional correspondent for politico. john, give us some sense of the word from the house this morning. because we're going to spend a lot of time telling all those folks who might have been doing something other than paying attention to what was going on with the fiscal cliff overnight what the details of the plans are. we wasting our breath? is this going to make it through the house? >> the message we're hearing from house republicans now is that one of two things is going to happen. they're either going to attempt to amend this bill and send it back to the senate with something that the house republicans like better. but failing that, and of course they failed to do t
joe biden served in the senate for decades alongside mitch mcconnell. and it was really, i think, that relationship, and sort of his knowing the rhythm of congress. and also, frankly, the deadline that helped kind of push this along. >> brianna keilar in washington, thanks for being with us. we'll talk to you again real soon >> staying in the capital now with jonathan allen. senior congressional correspondent for politico. john, give us some sense of the word from the house this...
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. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expected to take up the measure at that time. >> law makers have to worry about the debt ceiling they have to keep in mind. today, the u.s. will reach the legal borrowing limit of 16.# trillion dollars. the treasury department is take measures to buy time until the end of february but after that they will not be able to pay off all the country's bills in the full on time. congress must vote to raise the debt ceiling setting the stage for another showdown coming on capitol hill. >>> couples have been waiting a lifetime for the day and today same sex couples can legally marry in the state of maryland. it was approved by voters back in november. and this morning, sherrie johnson is live at city hall w
. >> reporter: minority leader mitch mcconnell said republicans agreed to the measure rather than let the middle class suffer. >> we don't think taxes should be going up on anyone but we all knew that if we did nothing they would be going up on everyone today. we weren't going to let that happen. >> reporter: the house reconvenes today at noon and is expect to take up the measure at that -- expected to take up the measure at that time. >> law makers have to worry about...
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mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax increases and spending cuts aimed at the pentagon and domestic programs that were set to take effect today. >> i've said all along our most important priority was to protect the middle class families. this legislation does that. middle class families will wake up today to the assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the selection missed the mark. >> it does not address the number one priority, creating good middle class jobs now. secondly, this proposal does not generat
mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax...
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however, mitch mcconnell, a republican himself, says this was a good deal for americans. the house is back in session at noon and will likely take up this vote right away. back to you. >> thanks, deal yarks live on capitol hill -- delia, live on capitol hill. >>> jessica doyle is back with a look at the economy and the cliff. >> we've been worried for months. if we go over the fiscal cliff, we're going to have a recession. it's all going to end. it's all awful. guess what? we don't have a deal. we have outlines of a deal. we don't actually have a real big picture grand compromise kind of deal. what does this mean for our economy? experts are saying we're probably not headed for a recession but we probably shouldn't expect barn burner economic growth for all of 2013 either because of the fiscal cliff. with a deal on the table right now, the nation is probably looking at tax hikes on households making more than $450,000 a year. that could exert a little drag on the overall economy. the biggest economic hit, that would come from the payroll tax holiday simply going away. the
however, mitch mcconnell, a republican himself, says this was a good deal for americans. the house is back in session at noon and will likely take up this vote right away. back to you. >> thanks, deal yarks live on capitol hill -- delia, live on capitol hill. >>> jessica doyle is back with a look at the economy and the cliff. >> we've been worried for months. if we go over the fiscal cliff, we're going to have a recession. it's all going to end. it's all awful. guess what?...
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he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve handelsman, nbc news.
he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month,...
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mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle class families will wake up today to at assurance that their taxes won't go up. >> reporter: democratic senator tom harkin suggested the legislation missed the mark. >> it does not address the number one priority creating good philadelphiale class jobs now. secondly, this proposal does not generate the revenue necessary for the country to meet its needs. >> reporter: republican senate minority leader mitch mcconnell said neither side got everything it wanted. >> it took an imperfect solution to prevent our constituents from i
mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle...
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mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the sequester-- $110 billion in automatic spending cuts in defense and domestic programs that begin at midnight. democrats want to postpone the cuts for a year or more. republicans for just a few months. >> i think there are some republicans who belie
mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making...
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. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. their agreement would permanently extend the bush tax cuts for individuals making under $400,000 and households under $450,000. raise the estate tax for those valued at more than $5 million. and extend unemployment benefits for one year for some 2 million people. and those automatic spending cuts that would go into effect in the new year, they'll be postponed for two months. and paid for by other spending cuts. the house could take up the deal tomorrow. taxpayers would have felt the impact immediately. if the deal passes, the average american family will avoid a tax increase of more than $3,400. a white house official said this is a compromise, so we don't love it but it's the right thing to do for the economy. >> like i said, they still have to approve it. but most insiders believe that republicans will approve this overwhelmingly. >> it's hard for me to wrap my mind around the idea it's going to get to the house and be approved. am i just been cynical? >> yes, i think you are. >> i
. >> reporter: biden swooped in at the 11th hour to hammer out a way forward to mitch mcconnell. their agreement would permanently extend the bush tax cuts for individuals making under $400,000 and households under $450,000. raise the estate tax for those valued at more than $5 million. and extend unemployment benefits for one year for some 2 million people. and those automatic spending cuts that would go into effect in the new year, they'll be postponed for two months. and paid for by...
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and negotiations with mitch mcconnell. so, sure, the president has been very involved. he, you know, he has led this campaign style effort to try to force republicans' hand. again, many of those folks are a little bit disappointed that that threshold was allowed to rise in these negotiations. but he did back republicans into a corner here to an extent that they're voting now on a tax hike that many thought they would never vote in favor of. >> i hate to look at the next fight before we conclude the one that we're in now, but since you mentioned the debt ceiling earlier and what we're facing in the next couple of months, what are we looking ahead to? what's the next struggle that we're going to see here? >> folks are familiar with the debt ceiling. the debt in this country is $16 trillion and growing. we hit that debt limb. the treasure secretary says they can move some things around and buy us a couple of more months which happens to be the same time that congress is going to have to once again decide how they're going to defer these a draconian spending cuts that was d
and negotiations with mitch mcconnell. so, sure, the president has been very involved. he, you know, he has led this campaign style effort to try to force republicans' hand. again, many of those folks are a little bit disappointed that that threshold was allowed to rise in these negotiations. but he did back republicans into a corner here to an extent that they're voting now on a tax hike that many thought they would never vote in favor of. >> i hate to look at the next fight before we...
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three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital gains, plus a new health care reform surtax. rob wood says you'll notice in your paycheck one popular tax cut will be history. >> the average person, say, earning $50,000 a year is going to pay about $1,000 more in payroll taxes in 2013. >> reporter: the fiscal cliff agreement also increases taxes on estates worth more than $5 million and extends unemployment benefi
three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they...
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let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus battles and republicans in congress and really had them in a corner, had them boxed in really well. however, some of his supporters, you already hear them expressing a great deal of dismay.
let's start with mitch mcconnell's republican leader. he's got a race in two years. he can see a primary from the conservative side. certainly joe biden comes out 06 this looking great. he came in sort of his superman of the underdog flying in at the last minute to save the day. the president, a mixed bag although he really played his hand to the maximum. a lot of people looked at this and thought he learned his lessons from previous perusing budget battles, health care battles, stimulus...
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mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with incomes under $450,000 a year. for households making more than that amount, rates would rise from the current 35% to 39.6%. the agreement would also raise the estate tax. in addition, unemployment benefits would be extended for one year. otherwise some 2 million americans face the end of their benefits beginning in january. on the senate floor shortly before midafternoon, minority leader mcconnll confirmed that the stalemate on taxes appeared to be over. >> i can report that we've reached an agreement on all of the tax, th
mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely reported that the deal would include making the bush era tax cuts permanent for families with...
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it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of this is not included? >> there is no doubt they wanted it included in here. they were fighting for are it. so it is is a loss in it that is sense but they will argue they won most of the other battles and they are willing to fight that one out in the days ahead although they believe that the republicans will pay a price if they turn it once again into a political football, bret. >> bret: and looks like it may just be heading right down that alley. ed henry live at the white house. we will be checking in again. vice president biden still meeting on capitol hill with senat
it is a big deal that mitch mcconnell is expected to be voting for in. will his rank and file go along. more importantly in the days ahead will the rank and file on the house republican caucus go along. finally tonight will we see the president -- we are not expecting to see him tonight since this is not done-done yet. more likely we will see him tomorrow, bret. >> bret: 20 seconds here, ed, before we take another break. but is it a loss for this white house that the debt ceiling part of...
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. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement would set the threshold for extending the bush tax cuts at $400,000 for individuals and $450,000 for families. it would set the tax rate our income people at 39.6%, the rate under former president bill clinton. estates would be taxed at 40% above $5 million for individuals and $10 million for a married couple. unemployment benefits would be extended a year, as would the medicare doc fix and it would permanently fix the alternative minimum tax. a big concern for republicans is there are no new spending cuts. >> history has a way of repeating itself. somehow washington never gets the message and here we are 30 years
. >> reporter: the two people were senate republican leader mitch mcconnell and vice president joe biden who worked the phones late last night and early this morning after talks between mcconnell and majority leader harry reid stalled. >> discussions continued today on a plan to protect middle class families from the tax increase tomorrow. there are a number of issues on which the two sides are still apart, but negotiations are continuing as i speak. >> reporter: the agreement...
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i should point out i mentioned that don stewart, senate minority leader mitch mcconnell's spokesperson was talking to reporter there we saw a moment ago in the gaggle of reporters, he said we're waiting to see if the vice president can sell this to his party. stewart says biden and mcconnell will meet while they are up on capitol hill as you look live at ohio clock the area where senators and spokes people go. the senate republicans have not signed off on the deal. it is protocol. when asked how long until a vote, don stewart said "awhile everything always takes longer in the senate." and it does, ed. but we could be seeing a vote, you know, sometime past 11:00. it really doesn't matter as far as the clock goes before midnight east coast time because despite the fact that is the fiscal cliff deadline as we noted the house adjourned until tomorrow and essentially the u.s. is technically going over the cliff even though lawmakers can adjust and beat things back if they decide to pass whatever comes out of congress before wednesday. >> right. and the irs can sign -- give instructions to c
i should point out i mentioned that don stewart, senate minority leader mitch mcconnell's spokesperson was talking to reporter there we saw a moment ago in the gaggle of reporters, he said we're waiting to see if the vice president can sell this to his party. stewart says biden and mcconnell will meet while they are up on capitol hill as you look live at ohio clock the area where senators and spokes people go. the senate republicans have not signed off on the deal. it is protocol. when asked...
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and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things differently going shake up the world. >> the young businessman making a name for themselves in wine country. they're not afraid of labels. >>> anybodying to the grocery store tomorrow is going to mts a big change. new year's day marks the end of the plastic bag in stores there. abc 7 news joins us from oakland. this is a growing trend around the bay and the nation it is. there is some debate about how % whit comes to the environmental benefits, that said, most think it's a good idea. if they can onl
and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it...
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. >> reporter: vice president joe biden and senate minority leader mitch mcconnell have been trying to hammer out a last-minute agreement. they have agreed on a few issues but both sides are making concessions. if the deal passes, it looks like democrats will keep popular items like a five-year extension on the child tax credit. it's for workers who do not earn enough to pay income taxes. also, the refundable credit for parents who have children going to college should stay in place. that would help families pay for tuition costs that continue to rise across the nation. and for healthcare providers who treat medicare patients, about $30 billion will be expected to help pay the costs for at least one more year. but what most of us will have to pay, the payroll tax forestial security. it is going up 2 points starting tomorrow. and that means if you earn $100,000 a year, you will pay an extra $2,000 next year out of your paycheck. now, we're still baiting to hear details on the deal between the white house and the gop but what we do know is that we get a little bit of a reprieve because t
. >> reporter: vice president joe biden and senate minority leader mitch mcconnell have been trying to hammer out a last-minute agreement. they have agreed on a few issues but both sides are making concessions. if the deal passes, it looks like democrats will keep popular items like a five-year extension on the child tax credit. it's for workers who do not earn enough to pay income taxes. also, the refundable credit for parents who have children going to college should stay in place. that...